Search results for: “Risk Management”

  • The High Cost of Workplace Complacency in Risk Management: Why Organizations Can’t Afford to Ignore It

    Beyond the direct and indirect financial losses, complacency exacts a heavy toll on the human element—leading to more injuries, lower morale, and even loss of life—and erodes the safety culture that underpins sustainable operational success. As businesses navigate demanding production schedules and challenges in hiring and retaining good employees, complacency remains a hidden but costly…

  • Protecting Your Commercial Kitchen from Fires: A Critical Risk Management Issue

    In the dynamic environment of commercial kitchens, safety is paramount, not only for protecting personnel and property but also for ensuring operational continuity. Among several potential hazards, kitchen fires pose a significant risk, often resulting in devastating consequences if not properly managed. As risk managers and industry leaders, understanding the nuances of fire prevention and…

  • Navigating Pollution Liability Exposures: Strategies for Effective Risk Management

    Pollution incidents—chlorine leaks at hotel pools, dust from construction sites, chemical releases in manufacturing, etc.—pose significant safety and liability challenges across many industries, including hospitality, construction, manufacturing, healthcare, transportation, and agriculture. The scenarios above highlight the critical need for organizations of all sizes and across all sectors to integrate pollution risk management into their safety…

  • Risk Management Solutions

    Risk Management Innovative solutions to help mitigate risk so you can focus on managing your business. Powering Growth and Resilience Through Smarter Risk Management In an ever-changing world, no business can afford to settle for less than top-tier risk management. We provide innovative solutions that help mitigate risk, no matter your business or industry, so…

  • McGriff hires Araujo as Head of Projects/P3s – Construction Risk Management

    DALLAS – McGriff has hired Rafael Araujo as Head of Projects/Public-Private Partnerships (P3s) – Construction Risk Management in its National Construction Practice. Araujo previously served as a senior vice president for another large global broker in its Construction & Infrastructure Practice.  He was responsible for managing and servicing many of the broker’s global contractors with major…

  • Inside Management Liability Exposures for Family Offices

    A family office is a private organization established to manage the financial and personal affairs of a wealthy family. Typically serving families with assets exceeding $100 million, these entities oversee investments, trusts, estate planning, tax strategy, and philanthropic activities, and they often operate businesses. Family offices vary widely in structure. Some have formal boards or…

  • Single-Parent Captives: A Strategic Risk-Financing Tool for Construction Leadership

    A single-parent captive offers construction leadership a strategic alternative. For large construction firms, insurance is not just a line item. It is a material operating expense and a source of earnings volatility. As premiums fluctuate with insurance market cycles, carrier appetite, and industry-wide losses, even the safest contractors with a strong risk management culture can…

  • Client Advisory: SEC Issues Disclosure Rule for Climate-Related Risks

    The McGriff Executive Risk Advisors team has observed a steady uptick in regulatory activity aimed at publicly traded companies (and certain privately held companies) over the last several years. One example was addressed in a previous McGriff client advisory related to a Securities and Exchange Commission (SEC) claw back rule. There was also the overreach by…

  • Rise of the Robots: Benefits, Challenges, Risks, and Mitigation of Industrial Robots

    There have been multiple generations of industrial robots, beginning in the 1950s with Unimaton, the first company to exist specifically to manufacture such robots. The initial robots were called “Unimates.” These robots could perform a single task, such as removing die-cast parts in the automotive industry. Today, we have industrial robots, collaborative or “co-bots,” and…

  • Use of Shared Risk and Negotiated Risk Agreements in Senior Living

    Summary Balancing resident independence with safety is a key concern in senior living communities. Shared and negotiated risk agreements have emerged as valuable tools to empower residents to make informed choices about their independence while ensuring appropriate safety measures are in place. However, the effectiveness of these agreements depends not only on their initial implementation…